Mergers and acquisitions
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Canada
Canadian trucking CEO: Many companies want to sell
One of Canada’s largest trucking and logistics firms, Mullen Group, is being flooded with potential acquisitions as companies seek to sell, according to its CEO.
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American Shipper
Hillebrand expands bulk liquid logistics with Braid acquisition
German forwarder says acquisition will expand its global business in handling nonhazardous bulk liquids such as alcoholic beverages and edible oils.
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Canada
TFI pulls out of APPS Transport acquisition
TFI International said it will not move forward with its planned acquisition of Canadian trucking company APPS Transport as CEO hints at issues with federal…
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News
Capstone Logistics returns to H.I.G. Capital
Outsourced supply chain solutions provider Capstone Logistics has been acquired by former owner H.I.G. Capital.
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News
Forward Air pre-announces Q3 expectations well ahead of consensus
Forward Air sees 60 cents per share in the third quarter. The earnings pre-announcement comes in significantly higher than analysts’ current forecasts.
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Business
Sale of Kenan Advantage reportedly eyed by pension fund
OMERS Private Equity is considering selling Kenan Advantage Group, the tank truck carrier and logistics provider, according to a report in Bloomberg.
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News
Americold acquires Agro Merchants Group in $1.74 billion deal
Cold storage operator Americold expands its portfolio again, this time in a $1.74 billion bid for the world’s fourth-largest provider. Americold plans to offer 33…
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News
Forward Air acquires intermodal drayage provider Value Logistics
Forward Air announces another acquisition as it advances its no-wait growth plan. The Greeneville, Tennessee-based trucking company adds intermodal drayage provider Value Logistics to its…
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News
TFI expands portfolio in Grammer Dry Bulk deal
TFI International’s acquisition spree continues. The Canadian transportation and logistics company adds another bulk carrier to its portfolio with the purchase of Grammer Dry Bulk.
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American Shipper
SAL expands US project cargo footprint with Intermarine
SAL Heavy Lift Group sees Intermarine expanding its ability to serve project cargo shippers throughout North and South America.
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